Potash West raises capital for phosphate project in Australia

9:24 AM MDT | July 9, 2014 | Natasha Alperowicz

Potash West (Belmont, Australia) announced today that it has completed a placement to raise A$800,000 ($752,147) before costs. The placement was made to clients of Helmsec Global Capital and other investors. Under the placement, the company will issue approximately 23 million fully paid ordinary shares to new and existing shareholders. Proceeds will be used on ongoing project development at its Dandaragan Trough phosphate projects, close to Perth, Western Australia. Potash West is an exploration company focused on developing extensive greensand deposits in...